A PCGS MS63 $20 Gold Liberty Double Eagle is a classic and highly collectible coin. Here’s what that designation means and a general overview of its value.
Coin Description
- $20 Gold Liberty Double Eagle: This is a U.S. gold coin minted from 1850 to 1907.1 It’s often referred to as the “Coronet Head” Double Eagle. The coin’s design, by James B. Longacre, features a classic portrait of Liberty on the obverse and a heraldic eagle on the reverse.2
- PCGS: This stands for Professional Coin Grading Service.3 PCGS is one of the two most respected third-party grading services in the numismatic industry.4 A coin graded by PCGS is authenticated, professionally graded, and encapsulated in a tamper-evident holder, providing security and liquidity.
- MS63: The grade “MS63” is on the Sheldon scale and stands for “Mint State 63.” This means the coin is in uncirculated condition, with no signs of wear from circulation. An MS63 is considered a “Choice Uncirculated” coin, which typically has a strong strike and good luster. However, it may have a number of small contact marks, hairline scratches, or other minor imperfections. It’s a very popular grade for collectors who want a solid, attractive example of the coin without the higher cost of a “Gem” grade (MS65 or higher).5
Value
The value of a PCGS MS63 $20 Gold Liberty Double Eagle is a combination of its intrinsic gold value and its numismatic value.6
- Gold Content: The coin contains 0.9675 troy ounces of pure gold.7 Its value is always closely tied to the fluctuating spot price of gold.
- Numismatic Value: The value above its gold content is the numismatic premium, which is determined by the coin’s rarity, date, mint mark, and overall eye appeal. For a common-date $20 Gold Liberty Double Eagle in PCGS MS63, the value typically ranges from $3,400 to $4,300.
- Rarity: The specific date and mint mark are crucial. While common dates (e.g., those from the Philadelphia mint in the late 1890s and early 1900s) fall within the general price range, rare dates or coins from lower mintage mints like Carson City (CC) can be worth significantly more. For example, a rare-date Liberty Double Eagle in MS63 can be valued at tens of thousands of dollars or more.8
Key Factors Affecting Value
- Date and Mint Mark: Always check the specific year and mint mark of the coin to determine if it’s a common or a rare issue.
- Eye Appeal: Within the MS63 grade, some coins may have better eye appeal than others, which can influence their value.9 A coin with minimal distracting marks in the primary design areas and strong luster may be worth a premium.
This coin represents an excellent entry point for collectors into the world of pre-1933 U.S. gold coinage, offering a blend of precious metal value and historical significance.10
